POLYNORD AS

7011 TRONDHEIM

Finances

Return on Equity

−787,5 %

Current Ratio

0,44

Debt-to-Equity Ratio

Key figures (NOK)	2022	2021	2020	2019
Revenue	0	17 000	20 000	6 081 000
Net Income	−63 000	1 467 000	−89 000	711 000
Total Assets	517 000	1 493 000	1 017 000	2 175 000
Total Equity	8 000	70 000	−19 000	70 000

Income (NOK)	2022	2021	2020	2019
Revenue	0	17 000	20 000	6 081 000
Expenditure	80 000	83 000	139 000	5 173 000
Operating Profit	−80 000	−66 000	−119 000	907 000
Financial Income	0	1 529 000	21 000	65 000
Financial Costs	0	0	17 000	60 000
Financial Balance	0	1 529 000	4 000	5 000
Earnings Before Tax	−80 000	1 462 000	−114 000	912 000
Tax	−18 000	−5 000	−25 000	201 000
Net Income	−63 000	1 467 000	−89 000	711 000

Balance (NOK)	2022	2021	2020	2019
Total Fixed Assets	296 000	288 000	786 000	614 000
Total Current Assets	222 000	1 204 000	232 000	1 561 000
Total Assets	517 000	1 493 000	1 017 000	2 175 000
Total Retained Equity	−63 000	0	−89 000	0
Total Equity	8 000	70 000	−19 000	70 000
Total Long-Term Debt	0	0	0	1 000
Total Current Debt	510 000	1 423 000	1 036 000	2 104 000
Total Equity and Debt	517 000	1 493 000	1 017 000	2 175 000

Cash flow (NOK)	2022	2021	2020	2019
Sales Income	0	10 000	20 000	6 081 000
Other Income	0	7 000	0	0
Revenue	0	17 000	20 000	6 081 000
Cost of Goods Sold	0	0	5 000	3 687 000
Salary Costs	0	0	−2 000	680 000
Depreciation	10 000	24 000	20 000	4 000
Impairment	0	0	0	0
Expenditure	80 000	83 000	139 000	5 173 000
Operating Profit	−80 000	−66 000	−119 000	907 000
Financial Income	0	1 529 000	21 000	65 000
Financial Costs	0	0	17 000	60 000
Financial Balance	0	1 529 000	4 000	5 000
Dividends	0	1 378 000	0	772 000
Net Income	−63 000	1 467 000	−89 000	711 000

Balance details (NOK)	2022	2021	2020	2019
Goodwill	0	0	0	0
Total Intangible Assets	153 000	135 000	130 000	131 000
Real Eastate	0	0	0	0
Machinery and Plant Facilities	0	0	75 000	75 000
Fixtures	30 000	40 000	467 000	381 000
Total Tangible Assets	30 000	40 000	542 000	456 000
Total Fiancial Fixed Assets	113 000	113 000	113 000	27 000
Total Fixed Assets	296 000	288 000	786 000	614 000
Stock	0	0	0	0
Total Investments	0	0	0	0
Cash, Bank	9 000	383 000	171 000	514 000
Total Current Assets	222 000	1 204 000	232 000	1 561 000
Total Assets	517 000	1 493 000	1 017 000	2 175 000
Total Equity	8 000	70 000	−19 000	70 000
Short-Term Group Debt	0	0	0	0
Total Long-Term Debt	0	0	0	1 000
Creditors	0	4 000	26 000	604 000
Unpaid Taxes	0	16 000	0	94 000
Dividends	0	1 378 000	0	772 000
Other Current Debt	510 000	24 000	1 010 000	443 000
Total Current Debt	510 000	1 423 000	1 036 000	2 104 000
Total Equity and Debt	517 000	1 493 000	1 017 000	2 175 000

Financial indicators	2022	2021	2020	2019
Return on Equity	−787,5 %	2 095,71 %	468,42 %	1 015,71 %
Debt-to-Equity Ratio	0	0	−0	0,01
Operating Profit Margin	-	−388,24 %	−595 %	14,92 %
Current Ratio	0,44	0,85	0,22	0,74
Quick Ratio	0,44	0,85	0,22	0,74
Equity Ratio	0,02	0,05	−0,02	0,03
Gross Profit Margin	-	100 %	75 %	39,37 %